2012 Conference Details
The Seventh New York Fed/NYU Stern Conference on Financial Intermediation
A conference jointly sponsored by
the Federal Reserve Bank of New York,
the Salomon Center at NYU Stern,
and the Review of Financial Studies
May 4-5, 2012
NYU Stern School of Business
A conference jointly sponsored by
the Federal Reserve Bank of New York,
the Salomon Center at NYU Stern,
and the Review of Financial Studies
May 4-5, 2012
NYU Stern School of Business
Location:
New York University
Stern School of Business
Kaufman Management Center
Room 1-70
44-50 West Fourth Street
New York, NY 10012
Direction to Stern:
For directions, click here
New York City Hotels
Registration Details:
Attendance is free of charge but seating is strictly limited and so registration is required.
To register, please send an email to salomon@stern.nyu.edu before April 27, 2012. Indicate your name and university/affiliation in your response.
Program [Download Complete Set of Papers]
Friday, May 4
| 8:00 | Registration and Continental Breakfast |
| 9:00 | Welcome Remarks Ingo Walter, Vice Dean of Faculty, NYU Stern |
MORNING SESSION Chair: Anthony Saunders, New York University | |
| 9:05 | "How did the crisis in international funding markets affect bank lending? Balance sheet evidence from the UK" Shekhar Aiyar, International Monetary Fund Discussant: Nicola Cetorelli, Federal Reserve Bank of New York |
| 10:05 | "Government intervention and information aggregation by prices" Philip Bond, University of Minnesota Itay Goldstein, University of Pennsylvania Discussant: Viral Acharya, New York University |
| 11:05 | Coffee Break |
| 11:30 | "Is historical cost accounting a panacea? Market stress, incentive distortions, and gains trading Andrew Ellul, Indiana University Chtobhak Jotikasthira, University of North Carolina Christian Lundblad, University of North Carolina Yihui Wang, Chinese University of Hong Kong Discussant: Mark Carey, Federal Reserve Board |
| 12:30 | Lunch Introduction: Matthew Richardson, Director, Salomon Center Keynote Speaker: Susan Schmidt Bies Director, Bank of America Former member of the Board of Governors of the Federal Reserve System |
| AFTERNOON SESSION Chair: Alexander Ljungqvist, New York University | |
| 2:15 | Adriano Rampini, Duke University S. Viswanathan, Duke University Discussant: Martin Oehmke, Columbia University |
| 3:15 | Coffee Break |
| 3:30 | "Financial integration, housing, and economic volatility" Elena Loutskina, University of Virginia Philip Strahan, Boston College Discussant: Victoria Ivashina, Harvard University |
| 4:30 | "What fuels the boom drives the bust: Regulation and the mortgage crisis" Jihad Dagher, International Monetary Fund Ning Fu, Harvard University Discussant: Elena Loutskina, University of Virginia |
| 5:30 | Reception |
Saturday, May 5
| 8:00 | Continental Breakfast |
| MORNING SESSION Chair: Hamid Mehran, Federal Reserve Bank of New York | |
| 9:00 | "Group lending or individual lending? Evidence from a randomized field experiment in Mongolia" Orazio Attanasio, University College London Britat Augsburg, Institute for Fiscal Studies Ralph de Haas, EBRD Emla Fitzsimons, Institute for Fiscal Studies Heike Harmgart, EBRD Discussant: Gabriel Natividad, New York University |
| 10:00 | "Understanding the incentives of commissions motivated agents: Theory and evidence from the Indian life insurance market" Santosh Anagol, University of Pennsylvania Shawn Cole, Harvard University Shayak Sarkar, Harvard University Discussant: Greg Nini, University of Pennsylvania |
| 11:00 | Coffee Break |
| 11:15 | "Interbank network and bank bailouts: Insurance mechanism for non-insured creditors" Tim Eisert, Goethe University Frankfurt Christian Eufinger, Goethe University Frankfurt Discussant: David S. Scharfstein, Harvard University |
| 12:15 | Lunch and Adjourn |
Conference Organizers
Alexander Ljungqvist, New York University Hamid Mehran, Federal Reserve Bank of New York Stavros Peristiani, Federal Reserve Bank of New York Philipp Schnabl, New York University |
2012 Program Committee
| Viral Acharya, New York University Nicola Cetorelli, Federal Reserve Bank of New York Mark Flannery, University of Florida Itay Goldstein, University of Pennsylvania Andrew Hertzberg, Columbia University Victoria Ivashina, Harvard University Jose Liberti, DePaul University Atif Mian, UC Berkeley Alan Morrison, University of Oxford Martin Oehmke, Columbia University Daniel Paravisini, Columbia University Mitchell Petersen, Northwestern University Manju Puri, Duke University Adriano Rampini, Duke University João Santos, Federal Reserve Bank of New York David Scharfstein, Harvard Business School Greg Udell, Indiana University William J. Wilhelm, University of Virginia Tanju Yorulmazer, Federal Reserve Bank of New York |